Las Vegas, NV
Followed by 0
Ignored by 0
In United States
Registered Sep 19, 2011
Monkeyswing's most recent comments:
- On 21 Jul 2012
Acceptable vs Unacceptable Comments,
Thank goodness for the 'ignore' option.
- On 16 May 2012
Louise Yamada on Silver's decline: "With silver, we suggested $25. It’s approaching that level relatively quickly. If it breaks that, you are really coming under the trendline for silver, and the momentum studies have turned negative again on the weekly basis. If for some reason $25 doesn’t hold, you go all the way back to the 2010 breakout. Meaning silver could make its way back to $20.”
If this happens, does anyone know if silver will still be in a bull market?
- On 16 May 2012
Seems to me that the insurance you need now-a-days is against a totally unpredictable world engaged in the destruction of your purchasing power. I’m trying to wrap my head around iwog's 10 - 15 dollar assessment, because he impressed me by buying silver low and selling high, but it seems like this return to the bottom presupposes a return to the pre-Lehman norm, or that silver was just another asset bubble. I feel like a global shift is taking place where the world is realizing it has too much debt, and it can’t be sustained, and because of this unavoidable truth the financial system will eventually collapse, but before this happens central banks will print more money to keep servicing the ever-increasing debt.
I would prefer to buy a farm, but with small chunks of money it seems like silver is a good way for the poor man to do what he can.
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